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Improve your modeling skills to enable better compensation decisions — for example, around incentives or pay increases.

.; In the modern workplace, compensation and performance management go hand in hand.

For WorldatWork Members ;Leveraging Total Rewards to Defeat the Four Horsemen of RTO , Journal of Total Rewards article; ;Checklist: Evaluating EVP Delivery Across Work Arrangements , Workspan Daily Plus+ article; ;Workplace Models: How Are Organizations Maximizing Them?

The idea of a formalized hybrid model — allowing employees to choose the frequency with which they work from home and in the office — is the middle ground that might appeal to many companies and employees that got their first taste of ongoing remote work.

Utilizing the SOC model allows the “C” compensation portion of the model to act as the focus area of a formidable leadership development program.

Traditional models reward tenure and conformity.

The ubiquitous use of generative AI, driven by access to large language models, is promising to fundamentally transform the way we implement pay.

Emerging Benefits to Consider According to the experts in this story, new or emerging benefits that employers may want to explore include: Lifestyle spending accounts;Emergency savings programs;Anti-obesity and diabetes prescription coverage;Four-day work week and flexible scheduling;Leadership development;Programs that seek to boost employee happiness through incentivized activities or tailored benefit and policy solutions;Expanded mental health support (particularly for children, since more than half of U.S. workers are supporting a child living with mental health challenges);Allowing employees to convert the value of unused PTO time and apply it to other areas, such as retirement or student loans;Concierge services that can assist with anything from picking up dry cleaning to taking a dog to the groomer;Access to legal support , and training and education on scams and phishing; Don’t Forget to Communicate Benefits The business rewards of offering modernized, personalized

For WorldatWork Members Getting Smart About Artificial Intelligence — HR’s Practical Guide to AI , Workspan Magazine article;Get the Most Out of Your AI Investment , Journal of Total Rewards article;AI Is HR’s Future, but Modernization Comes First , Workspan Magazine article; For Everyone Chevron Doctrine Overturned: What It Means for Employers , Workspan Daily article;The Impact of the Supreme Court Chevron Decision on the NLRB , Workspan Daily article;From Sci-Fi to Reality: How AI Could Transform Sales Comp , Workspan Daily article;ChatGPT: How HR and Rewards Can Leverage the Newest AI , Workspan Daily article; In the absence of U.S. government legislation regulating artificial intelligence (AI) development and/or usage, several federal agencies — including the Equal Employment Opportunity Commission (EEOC), the National Labor Relations Board (NLRB) and the Department of Labor (DOL) — have taken it upon themselves to roll out guidance and initiatives

.; ;86% of employers believe their benefits are modern , but only 59% of workers agree, according to the Prudential report.; “That’s a big disconnect, but also a big opportunity for employers,” said Christina Pihos, the chief marketing officer at Prudential.